![]() Over the past two years, The Union of Musicians and Allied Workers has asked the streaming giant to raise its average pay of $0.0038 per stream to a penny per stream in the campaign "Justice at Spotify. Spotify's aggressive investment in podcasting and Rogan specifically has angered musicians who say Spotify underpays artists on its platform. The next year, it lost the equivalent of $2.2 million every day. The audio giant has faced calls for weeks to take action against Joe Rogan, the mega-popular podcast host, after Mr. After years of losing money, Spotify became profitable for the first time in company history in 2019. Spotify reportedly paid 100m (£75m) in 2020 for rights to The Joe Rogan Experience, which is the streaming services top podcast. Podcast advertising accounted for 13% of Spotify's total 2021 revenue in Q3 as the streamer struggles to remain profitable, according to the Journal. On Thursday, the company announced the purchase of two podcast analytics companies, Podsights and Chartable. Spotify has invested over $1 billion in its podcasting arm, including the acquisitions of Gimlet Media, Anchor, Parcast, The Ringer, and Megaphone. "I want to thank Spotify for being so supportive during this time, and I'm very sorry that this is happening to them," Rogan said in a video posted to Instagram. Account icon An icon in the shape of a person's head and shoulders.
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